Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL) Declares Quarterly Dividend of $0.14

Key Points

• Caledonia Mining declared a $0.14 quarterly dividend payable on April 17 to shareholders of record on April 2, with an annualized yield of about 2.5% (ex-dividend April 2).
• The dividend is conservatively covered with a 24.0% payout ratio, and the company shows low leverage (debt-to-equity 0.02) with reasonable liquidity (current ratio 1.78).
• Caledonia is a UK‑domiciled gold producer operating the Blanket gold mine in Zimbabwe; the stock traded at $22.27 with a market cap around $428M and a PE of 8.63, trading in a 12‑month range of $10.65–$38.75.

Caledonia Mining Corporation PLC (NYSEAMERICAN:CMCL - Get Free Report) announced a quarterly dividend on Monday, March 23rd. Investors of record on Thursday, April 2nd will be paid a dividend of 0.14 per share on Friday, April 17th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, April 2nd.

Caledonia Mining has a payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings.

Caledonia Mining Price Performance

Caledonia Mining stock traded up $0.83 during mid-day trading on Monday, reaching $22.27. 306,131 shares of the company were exchanged, compared to its average volume of 442,448. The firm has a market cap of $428.03 million, a PE ratio of 8.63 and a beta of 0.48. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.78 and a quick ratio of 1.20. The company has a fifty day simple moving average of $28.65 and a 200-day simple moving average of $29.48. Caledonia Mining has a 12 month low of $10.65 and a 12 month high of $38.75.

About Caledonia Mining

Caledonia Mining Corporation PLC is a UK‐domiciled gold producer listed on the NYSE American under the ticker CMCL and on the London AIM market. The company's flagship asset is the Blanket gold mine, located near Gwanda in southwestern Zimbabwe. Blanket is a conventional underground and surface gold operation that includes a carbon‐in‐leach processing plant and tailings retreatment facilities, providing a structurally diverse resource base and established production infrastructure.

Caledonia acquired the Blanket mine in 2004, adding to its long operating history that traces back to the early 20th century.

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